All Forum Posts by: Edward Barnes

Thanks in advance. I think the numbers work on this deal, just want feedback. It's a foreclosed 4plex.

Asking: $97,000 (110 Days on Market)
3200 sq ft
9 BR/5 BA, I'm guessing 3 - 2/1, and 1 - 3/2 (really small rooms...?)
$700/unit per mo (being conservative)
circa 1912
no central AC, has baseboard heat, wood siding
looks like stoves and fridges convey
taxes are only $800/yr

Thanks Dale. I've got a place in mind, I'll probably post in the appropriate forum and get feedback. Looks like the math will work.

Hi all. My name's Ed. Long time lurker, second time poster (I wasted the first one on a political discussion elsewhere). Basically I'm in my early thirties, sitting on enough for a healthy down payment, but I'm going to try and tie up as little of my money as possible. I have never owned a place so I'm look at 4plexes to OO and see if I can hack it/tolerate being a landlord and get my handiman skills up.